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Finance Act 2022
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- 24/02/2022- Amendment
- 15/03/2023- Amendment
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Conditions for being a qualifying asset holding companyU.K.
2(1)A company is a qualifying asset holding company if—
(a)it is UK resident,
(b)it meets the ownership condition set out in paragraph 3,
(c)it meets the activity condition set out in paragraph 13,
(d)it meets the investment strategy condition set out in that paragraph,
(e)it is [F1neither a securitisation company nor] a UK REIT,
(f)no equity securities of the company are listed or traded on a recognised stock exchange or any other public market or exchange, and
(g)an entry notification is in force in relation to the company (see paragraph 14).
(2)But see—
(a)paragraph 16, which allows a company to treated as meeting the ownership condition in its first two years of being a QAHC, and
(b)paragraph 29, which contains provision about when a company that was a QAHC ceases to be a QAHC (and see also paragraphs 27(3) to (5) and 28 which make provision about cure periods and wind-down periods).
Textual Amendments
F1Words in Sch. 2 para. 2(1)(e) substituted (retrospective to 15.3.2023) by Finance (No. 2) Act 2023 (c. 30), Sch. 4 para. 8(1)(3) (with Sch. 4 para. 8(4))
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